'The economic case for investment is not strong enough': Shell backs out of Cambo oil project

Cecilia Keating
clock • 5 min read
UK oil and gas projects are facing increasing push back from campaigners and economists
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UK oil and gas projects are facing increasing push back from campaigners and economists

Future of controversial North Sea development unclear after minority shareholder Shell backs out citing weak investment case

Shell has backed out of plans to develop the Cambo oil field in the North Sea, in a dramatic decision last night which has been seized on by climate campaigners as heralding a "death blow" for the controversial...

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Cecilia Keating
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Cecilia Keating

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